Choosing the right finance package for you...
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- Contract Hire – the most popular choice for VAT registered companies wanting minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included. One regular rental payment covers all risks including costs of depreciation and disposal. Contracts are for an agreed period of time and set mileage. Road fund licence is included for the duration of the contract, but roadside rescue, maintenance and relief provision are options that can be added and charged to the rental payment.
- Finance Lease – ideal for VAT registered companies wanting to handle the administration of vehicles and show the asset of their balance sheet. A VAT beneficial finance option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.
- Personal Contract Hire –delivers all the benefits of a company car to private purchasers, through a fixed monthly for a fixed contract term. At the end of the contract the vehicle is returned to the finance company, taking away the hassle of selling privately and the worries of unexpected levels of depreciation.
- Flexi-Contract – Our own Self-Funded contract which is designed to bridge the gap between expensive daily rental cars and traditional long term leasing methods. Our contracts start from just 3 months upto 12 months. Flexi-Contract can be used in many different circumstances i.e pre-contract cars, new start probationary periods, pool vehicles or simply seasonal increases in staff. This contract is open to Business and Personal users.
- Personal Contract Purchase – for private purchasers wanting a hassle free and cost effective way to finance a vehicle. A fixed monthly charge offers significant tax advantages and a change of vehicles every 2,3 or 4 years. An all-inclusive maintenance and breakdown package is also offered, as an optional extra.
- Contract Purchase – for companies requiring eventual ownership of their vehicles, without depreciation risk. The customer acquires the vehicle by paying fixed monthly instalments, shows the asset on the company balance sheet and can either retain ownership at the end of the contract by paying a final predetermined balloon instalment, or hand the vehicle back if not required. Maintenance can be added to this contract thus providing the fixed cost benefits as with contract hire.
- Lease Purchase – attractive for non VAT registered companies. This funding agreement allows the company to acquire ownership of the vehicle when all payments (including the option to purchase) have been made. Part of the capital cost of the vehicle payment may be deferred into a balloon payment, which equates to the anticipated market value of the vehicle at the end of the agreed contract period.
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